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bobefx

WPM Long idea with fundamentally and technically supported

Long
Wheaton Precious Metals Corp (NYSE:WPM)  
bobefx  
NYSE:WPM   Wheaton Precious Metals Corp
Fundamental Analysis Trend Analysis Support and Resistance
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fundamental trendanalysis supportandresistance
WPM Long idea with fundamentally and technically supported

The overall fundamental idea is the demand for materials, commodities, especially GOLD in this monetar-political cycle. As we know: keeping GOLD is good conpensation against inflation.

Technical picture:
RSI <40 means: oversold
This is also suppported with a counter trend break. Also the 36 $ is strong support line.

Entry: 38 $
Stoploss: 34 $
Target: 53 $
RR: 4:1
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